[2021 신년사] Eui-sun Eui-sun, Chairman of Hyundai Motor Group

Demonstrate willingness to visualize eco-friendly, future technology, and business competitiveness

Eui-sun Eui, Chairman of Hyundai Motor Group.  (Photo = Hyundai Motor Group)

Eui-sun Eui, Chairman of Hyundai Motor Group. (Photo = Hyundai Motor Group)

Hyundai Motor Group Chairman Eui-sun Eui-seon emphasized, “2021 should be the year for the’great transformation into a new growth engine’.”

On the 4th, Chairman Chung revealed his will to visualize performance in the areas of △eco-friendly △future technology △business competitiveness through a New Year’s message sent by e-mail to employees of the global group.

Chairman Chung added that this year is an important time for the Hyundai Motor Group.

Chairman Chung predicted, “In the post-corona era, different social values ​​and lifestyles are spreading, and it is expected that only companies that have prepared for change will survive and grow.”

Along with this, he emphasized, “We must prepare ourselves to become the First Mover of a new era, taking 2021 as an important inflection point that will shape future growth.”

To this end, Chairman Chung proposed the goal of’a great transformation into a new growth engine’ and ordered △Expansion of dominance in eco-friendly markets △Securing future technology capabilities △Strengthening the group’s business competitiveness.

Chairman Chung urged executives and staff members that “a great transformation into a new growth engine is possible only when we all work together,” and “if our hearts and capabilities are combined, we will be able to wisely overcome the crisis and use it as an opportunity for new growth.”

Specifically, Chairman Chung emphasized, “We will solidify our position as a leading global eco-friendly brand” to expand our dominance in the eco-friendly market.

He said, “With the launch of a new car based on the recently announced electric vehicle platform E-GMP, we plan to provide an attractive eco-friendly transportation method that is more convenient and safer and reflects the diverse tastes and needs of customers at a more reasonable price.”

Regarding the hydrogen field, “Hydrogen fuel cells, which are recognized as the world’s best technology, are expanded to a variety of mobility and industrial power sources based on the brand’HTWO’, which means’hydrogen for humanity’, to realize carbon neutrality. I will take the lead,” he added.

The Hyundai Motor Group is planning to launch exclusive electric vehicles with E-GMP applied this year, such as Kia’s semi-medium electric vehicle and Genesis crossover electric vehicle, starting with the Hyundai Ioniq 5 this year.

E-GMP is designed with an optimized structure for electric vehicles only, so it can drive 500 kilometers (km) or more (domestic standard) on a single charge. In addition, it is equipped with an 800 volt (V) charging system, so it can charge 80% within 18 minutes when using an ultra-fast fast charger.

The Hyundai Motor Group plans to expand its electric vehicle lineup from 8 models to 23 models in 2025 and sell 1 million units annually in the global market.

Regarding securing future technology capabilities, Chairman Chung said, “We will dominate the future market by continuously expanding investments in new technologies for free movement and peaceful life.”

He said, “We will continue to invest in new growth areas such as urban aviation mobility (UAM) and robotics, and we will thoroughly prepare to expand the area of ​​new mobility in the near future.”

The Hyundai Motor Group will apply Level 3 level of autonomous driving technology to mass-produced cars in 2022 and promote autonomous driving commercialization service projects such as robo taxis in 2023.

In addition, Hyundai Motor Group plans to provide the best convenience and safety to consumers with vehicle software that closely interacts with vehicle driving assistance, precision map-linked navigation, and various connected and infotainment services.

Hyundai Motor Group started with the Unmanned Aircraft System (UAS) for cargo with a hybrid powertrain in 2026, and in 2028, a fully electric UAM model optimized for urban operation, and in the 2030s, connecting adjacent cities. Local aviation mobility products are launched.

Chairman Chung also emphasized strengthening the group’s business competitiveness.

Chairman Chung said, “We will lay the foundation for sustainable growth of the group by rationalizing the group’s business portfolio and continuously discovering new growth engines that meet the paradigm shift of the industry.”

The Hyundai Motor Group plans to strengthen future business capabilities through electrification and specialization of core parts for autonomous driving and software for each group company, and actively explore new growth engines such as new renewable energy business and smart city development.

Chairman Chung also emphasized consumer-oriented quality innovation.

Chairman Chung said, “All activities of Hyundai Motor Group have no meaning unless quality and safety, which are the first steps to respect customers, are secured.”

He continued, “Quality and safety are not specific tasks in a specific area,” he said. “All the executives and employees of the group, and all of our business partners, must consider and unite together to pursue perfection without compromising quality and safety. It is only then that customers can trust us.”

Chairman Chung said, “I hope that we will always put our customers and humanity first in our daily work to maximize shareholder value and contribute to our partners, as well as our various neighbors, society, and the environment.” I also emphasized.

In addition, on the 3rd, Chairman Chung expressed regret and deep condolences for the death of an employee of a partner company at Hyundai Motor Company’s Ulsan plant, and emphasized quality and safety once again.

Earlier, at around 1:30 pm the previous day, at Hyundai Motor’s Ulsan Plant 1 in Buk-gu, Ulsan City, A, a 50-year-old worker from a partner company, was taken to a hospital in an accident, but died. It is reported that Mr. A was caught in a machine during the cleaning work on the same day.

Chairman Chung said, “I express my sincere condolences and wish the deceased people’s blessings,” and said, “We will do our best to create a safe environment and prevent safety accidents by mobilizing all means to prevent unfortunate accidents.”

Finally, Chairman Chung urged, “All executives and staff members should once again firmly raise awareness of safety and work together to create a safe working environment.”

<정의선 현대자동차그룹 회장 2021년 신년사 전문>

Hello, everyone from the Hyundai Motor Group family!

The new year of 2021 has dawned.

Happy New Year and wish your family always full of health and happiness.

First of all, I am sorry to share the news of my mourning.

On January 3rd, an accident occurred in which an employee of a partner company died while working at the Ulsan plant.

May the souls of the deceased refrain.

We express our sincere condolences, and we will do our best to create a safe environment and prevent safety accidents by all means to prevent such unfortunate accidents.

I ask all of our executives and employees to firmly raise awareness of safety once again and work together to create a safe working environment.

Again, I pray for the deceased to bless.

Dear group employees!

Since last year, Corona 19 has caused great anxiety and concern, and I think the body and mind of our employees will be exhausted a lot.

Despite such a difficult situation, our group has achieved great love from the market and customers, expanding its global market presence and increasing corporate value.

I would like to express my sincere gratitude to all the executives and staff members who did their best with one heart and mind.

It seems that this year’s feelings for the New Year are very different from other times.

Until now, the New Year has been started with hope and excitement, but this year seems to be mixed with expectations for the future and concerns.

With the development of the Corona 19 vaccine, there are expectations that the virus will quickly return to daily life and optimistic prospects that the global economy will recover, but on the other hand, there are fears that it is difficult to completely prevent the virus with vaccines alone, and negative prospects that a large-scale global economic crisis may occur. Coexist.

In addition, in the post-corona era, as social values ​​and lifestyles different from the existing ones spread, only companies that have prepared for change are expected to survive and grow.

Therefore, with 2021 as an important inflection point that will shape future growth, we must prepare ourselves to become the first mover in a new era.

Dear group employees!

Even in a difficult business environment, the mission that all of the employees of the Group must keep unchanged is to realize humanity’s dream of’safe and free movement and a peaceful life’.

To this end, 2021 should be the year when the’great transformation into a new growth engine’ takes place.

First, we will solidify our position as a global eco-friendly Tier 1 brand.

With the launch of a new car based on the recently announced electric vehicle platform, E-GMP (Electric-Global Modular Platform), we plan to provide an attractive eco-friendly vehicle that is more convenient and safer and reflects the diverse tastes and needs of customers at a more reasonable price. .

Hydrogen fuel cells, which are recognized as the world’s best technology, are based on the brand’HTWO (Hydrogen + Humanity)’, which means’Hydrogen for Humanity’, and expand to a power source in various mobility and industrial fields to realize carbon neutrality. I will take the lead.

In addition, we will continue to expand investments in new technologies for free movement and peaceful life to preempt future market opportunities.

We will implement the safest and most innovative mobility technology in the world by strengthening our autonomous driving, connectivity, and software capabilities, and we will thoroughly prepare to expand new areas of mobility in the near future by continuing to invest in new growth fields such as UAM and robotics. Will.

In addition, we will rationalize the group’s business portfolio and continue to discover new growth engines that meet the paradigm shift of the industry to lay the foundation for the group’s sustainable growth.

All of our activities are meaningless unless quality and safety, which are the first steps to respect customers, are secured.

Quality and safety are not specific to specific sectors.

Customers will be able to trust us only when all executives and employees of the group and all of our business partners strive for perfection without compromising quality and safety through unity and unity.

Dear employees of the group, a major transformation into a new growth engine is possible only when’we are all together’.

It was very encouraging that more than 5000 precious ideas were gathered in the’Jump up Idea Contest’ held last year.’The idea that reinvented the time spent charging electric vehicles into a special customer experience’ and’Smartphone Remote From the idea of ​​sterilizing vehicles with control, I was able to feel the concern and passion for your customers and humanity.

Once again, we thank our executives and employees for participating, and we ask you to continue to actively participate.

In addition, we hope that we will always put our customers and humanity first in our daily work to maximize shareholder value and contribute to our partners, as well as our various neighbors, society, and the environment.

From me, I will take the lead in creating a corporate culture that puts quality and safety first, by allowing employees to fully demonstrate their capabilities, communicate horizontally.

There will be discomfort in many areas due to Corona 19, but I am confident that if we are more patient and combine our hearts and capabilities, we will surely overcome the crisis and turn the crisis into a new growth opportunity.

Once again, I wish all of you and your family health and happiness.

Thank you.

[email protected]

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